This workshop provides an overview of FRS 12 Income Taxes with practical examples and questions to help you understand the standard’s requirements in financial reporting.
Deferred Tax has always been a challenging area for both Practising and Non-Practising Accountants. To give you a solid foundation in FRS 12, the Trainer will explain the rationale for the tax base approach and complex requirements in the standard. Building on the concepts , detailed examples and questions are given to illustrate practical applications of the standard.
The Trainer will also share with you the common errors in deferred tax accounting so that you will avoid these pitfalls in real life.
Deferred tax in consolidated accounts
Deferred tax assets
Presentation and disclosure
Practice Questions are incorporated throughout the session to allow direct application of the concepts taught. Participants are encouraged to bring along their calculators.
This workshop qualifies for 7.0 CPE hours in Financial Reporting Standards and Pronouncements (Category 1).
Sardool is an Adjunct Associate Professor in the Department of Accounting of the NUS Business School. He has been lecturing for the past 20 years, and is a highly sought-after seminar leader in the areas of Financial Reporting Standards, Cash Flow Statements, Analysis of Financial Statements, Consolidation and other technical accounting topics. Sardool brings a commercial perspective to the understanding of complex Accounting Standards and simplifies the requirements of these Standards to enable the participants to have a clear understanding of the topic. Sardool is also the Chief Financial Officer of an investment company. Prior to his current appointment, he was the Group Financial Controller of a Singapore listed healthcare company. During his ten years in the healthcare industry, he was responsible for the entire Group financial functions and the IPOs of two subsidiaries on SESDAQ. He had also gained his working experience with KPMG Peat Marwick and a Japanese merchant bank.